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for house speaker john boehner to agree to bring it to a vote on the house floor, and leader nancy pelosi to produce the huge number of democrats needed to pass it. but if that plan falls through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> the president's basic package has much more for democrats to like. so don't expect that to get very far. but all sides now agree the senate must first pass a bill before the house makes any kind of move. so all eyes will be on mitch mcconnell and harry reid and their negotiators holed up on capitol hill. the senate comes back into session at 1:00 on sunday. >> jessica yellin, thanks. >>> and with the pressure now squarely on the senate to fix the fiscal cliff, they will lead the talks this weekend. a period of time reid calls, quote, very important, mcconnell says he's hopeful both sides will have a plan to present to their respective members as early as tomorrow. and other republican and democratic senators are underscoring the importance of reaching an agreement soon. >> if we don't have a deal
for house speaker john boehner to agree to bring it to a vote on the house floor, and leader nancy pelosi to produce the huge number of democrats needed to pass it. but if that plan falls through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> the president's basic package has much more for democrats to like. so don't expect that to get very far. but all sides now agree the senate must first pass a bill before the house makes any...
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and nancy pelosi is the one who's going to have to car ray lot of this weight if it gets anywhere in the house because she'll have to deliver a lot of votes. the president not at his maximum frustration level, i have to say, still seeming a little enthusiastic. >> jessica yellin, thanks so much. ken, i want to ask you, you're an expert on economic crises. yol want to have to use your expertise ever again. we're not going to a crisis, hopefully, as a result of this. what's your best advice in terms of keeping the economy on track? what's the best compromise everybody can come out with if they know it will help the economy? >> well, we'd like to see tax reform. we'd like to see washington do things like infrastructure, cut back on spending. it's dysfunctional. that's what's so disheartening about this. this isn't a one-time thing. we're going to see it again in february. it's hard to see where this is going to come to an end unless the parties reform. >> yeah. well, let's hope. i don't know if that's happening before monday, but we'll keep on them. ken, jessica, kevin, thanks to all of
and nancy pelosi is the one who's going to have to car ray lot of this weight if it gets anywhere in the house because she'll have to deliver a lot of votes. the president not at his maximum frustration level, i have to say, still seeming a little enthusiastic. >> jessica yellin, thanks so much. ken, i want to ask you, you're an expert on economic crises. yol want to have to use your expertise ever again. we're not going to a crisis, hopefully, as a result of this. what's your best advice...
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senate majority leader harry reid, minority leader, mitch mcconnell, john boehner and nancy pelosi. all four met at the white house yesterday afternoon with the president and vice president. and jessica yellin is our chief white house correspondent, and jessica, the president used his bully pulpit after that meeting to sort of reinforce the idea that senators need to get busy. so let's give that a listen first. >> the american people are watching what we do here. obviously, their patience is already thin. this is dejavu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> jessica, you were in the room for the president's remarks and he said he was optimistic but he was also clearly a bit ticked off. so i'm wondering about this waiting until the last minute, the weekend, to get this all done. what is the
senate majority leader harry reid, minority leader, mitch mcconnell, john boehner and nancy pelosi. all four met at the white house yesterday afternoon with the president and vice president. and jessica yellin is our chief white house correspondent, and jessica, the president used his bully pulpit after that meeting to sort of reinforce the idea that senators need to get busy. so let's give that a listen first. >> the american people are watching what we do here. obviously, their patience...
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nancy pelosi when the white house asked her to get votes she is very good at it. she got votes for the budget control act, for health care. there should be no reason she shouldn't be able to get the votes today. with vice president biden coming to capitol hill it rests the nerves of any anxious democrats who don't like the deal because they don't like the $400,000 threshold and would prefer 250 and also feel the president was losing some negotiating leverage. biden being here, pelosi onboard it should be okay on the house democratic side. >> you are often privy to juicy little nuggets of behind-the-scenes information. do you have any thoughts on how vice president biden became so key to all of this? >> well, i think there is a basic trust factor that mitch mcconnell has with joe biden. they served together for over 20 years. they know each other. from a lot of conversations i had especially with the older bulls i sort of call them, they say joe biden is a guy you can do business with. that the president doesn't understand how to negotiate room to room, you know, p
nancy pelosi when the white house asked her to get votes she is very good at it. she got votes for the budget control act, for health care. there should be no reason she shouldn't be able to get the votes today. with vice president biden coming to capitol hill it rests the nerves of any anxious democrats who don't like the deal because they don't like the $400,000 threshold and would prefer 250 and also feel the president was losing some negotiating leverage. biden being here, pelosi onboard it...
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but it's the house leadership, nancy pelosi will have to sell liberal democrats on the idea. but eventually having to take place and then of course john boehner would have to sell house republicans on the fact that there may not be extension of cuts and they are going to be tax increases. >> exactly. and if you think of the alternative here, if liberal democrats don't like where the threshold is, they sit on their hands and get what they want and more and more. and you have a tax increase basically up and down the income spectrum. on the other the other side of the house republicans were saying, if we don't get enough spending cuts, and just let the sequester head. it is set to hit over the next decade beginning in just a few hours from now. get your spending cuts by doing nothing. your tax increases by doing nothing. so there's a little bit of something for everyone here. gerri: as we start to wrap up, did the republicans in giving to the tax increases, did they give enough? or are the democrats who didn't want increases on anybody, they one of the line at 250,000. do they p
but it's the house leadership, nancy pelosi will have to sell liberal democrats on the idea. but eventually having to take place and then of course john boehner would have to sell house republicans on the fact that there may not be extension of cuts and they are going to be tax increases. >> exactly. and if you think of the alternative here, if liberal democrats don't like where the threshold is, they sit on their hands and get what they want and more and more. and you have a tax increase...
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nancy pelosi helped create the oce as a solution. the oce has done more than 100 investigations of lawmakers raising serious questions about possibly congressional misdeeds. in 37 of those investigations, the oce referred them on to the twauld house ethics committee for further review meaning in those 37 cases the oce found reason to believe that house ethics and federal laws were likely violated. so why does congress want to kill it? actually that's hard to say. folks like these who have in the past voted to cut the oce budget refused to talk to us. for those who would talk, opinions were mixed. >> i think it's important that there be some way for the public or someone outside of congress to raise issues about the conduct of members of congress. some of the things that oce has sent to the ethics committee was actually pretty flimsy. >> i supported it the first time, i'll support it again. >> is there anything oce has done specifically that might have rubbed the congress the wrong way to the point where they wouldn't want to get it g
nancy pelosi helped create the oce as a solution. the oce has done more than 100 investigations of lawmakers raising serious questions about possibly congressional misdeeds. in 37 of those investigations, the oce referred them on to the twauld house ethics committee for further review meaning in those 37 cases the oce found reason to believe that house ethics and federal laws were likely violated. so why does congress want to kill it? actually that's hard to say. folks like these who have in...
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pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> you and i are both kind of laughing abo
pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the...
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nancy pelosi didn't bother to read it. that is not a spitball if you flow a large portion of the economy going to government that do nothing right. that is not a spitballle just why do republican governors say we're not going to do this. let the fed do this. they said we don't like big government. they should control it. to me this is just like we don't likebe you guys. >> andrea: they can opt out if they don't want to opt out. to me, we have to throw spitballs. a lot of promises were made. taxes wouldn't go up. premiums wouldn't go up. keep your doctor. all of those things not true. i think we will be talking about this story and this decision for years and decades come. just i agree. >> kimberly: this show next year at this time. >> andrea: count it. >> juan: get out of the hot tub before i shrivel. >> greg: hope and bo on "days of our lives" and on and off again. it spent a lot of time thinking about it. to me, the big story that changed the election was mitt dropping the ball in the third debate. it was about foreign p
nancy pelosi didn't bother to read it. that is not a spitball if you flow a large portion of the economy going to government that do nothing right. that is not a spitballle just why do republican governors say we're not going to do this. let the fed do this. they said we don't like big government. they should control it. to me this is just like we don't likebe you guys. >> andrea: they can opt out if they don't want to opt out. to me, we have to throw spitballs. a lot of promises were...
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pelosi, believed there are sufficient house democratic votes with a few republican votes to get this deal done. the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic side. the question is can republicans provide enough on their side to get this deal done. the white house tonight is a bit hopeful. >> mason: major, is this an effort by vice president joe biden or is the president himself getting involved in making calls? >> the president is not making calls white house officials tell me-- for a practical reason. he doesn't have good relationship with house republicans and the white house decided it would do more harm than good. the vice president has an excellent relationship with the house democrats and the white house is basically letting house republicans work this out for themselves and they hope they will sometime later this evening. >> mason: we hope so, too, major garrett at the white house, thanks, major. the new year brought in new law
pelosi, believed there are sufficient house democratic votes with a few republican votes to get this deal done. the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic side. the question is can republicans provide enough on their side to get this deal done. the white house tonight is a bit hopeful. >> mason: major, is this an effort by vice...
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for house speaker john boehner to agree to bring it to a vote on the house floor and leader nancy pelosi to predict a huge number of democrats needed to pass it. but if that plan falling through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> reporter: the president's basic package has much more for democrats to like. so don't expect that to get very far, but all sides now agree the senate must first pass a bill before the house makes any kind of move. so all eyes will be on mitch mcconnell and harry reid and their negotiatorsoled up on capitol hill. the senate comes back into session at 1:00 on sunday. christi, alison? >>> and the cliffhanger continues. jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask
for house speaker john boehner to agree to bring it to a vote on the house floor and leader nancy pelosi to predict a huge number of democrats needed to pass it. but if that plan falling through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> reporter: the president's basic package has much more for democrats to like. so don't expect that to get very far, but all sides now agree the senate must first pass a bill before the house...
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house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid and mitch mcdonnell who have a collective 100 years legislating between them will be meeting with the president soon. . they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ m
house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid and mitch mcdonnell who have a collective 100 years legislating between them will be meeting with the president soon. . they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning,...
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speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as we speak. the s&p 500, as we speak, folks, is now down for the fifth straight day. i think it's down about 1.3% over the course of this week. so far let's see what happens over the last crucial hour of this trading day. >> so the clock is ticking. all eyes are on the white house. we've got i'm an javers there in washington as we wait for the white puff of smoke to come out of the white house, eamon. >> reporter: kind o
speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting...
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so the last ditch effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed thi summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be something we can agree on. let me add this. when we he voted on our bill in the house this summer it was a clean extension which was an extension for are everyone in america not only did every republican vote for that but 19 democrats did as well. so this is why it is so frustrating for those in the house is that now we are close to the cliff. >> greta: and frustrating -- >> and we can't even get a single democrat to join with us. >> greta: if you think you are frustrated try the american people as they watch what is going on. congressman, thank you, sir. good luck, sir. >> call the senate and get them to act. we can't negotiate with nothing. >> greta: i don't think they would listen to me. thank you, congr
so the last ditch effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed thi summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be something we can agree on. let me add this. when we he voted on our bill in the house this summer it was a...
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if you don't like the idea, give us another suggestion, but don't do what nancy pelosi has done where saying spending cuts are off the table. in that case we're negotiating with ourselves again. >> i'm sorry, we have to leave it there. congressman, have a pleasant flight back across the country tomorrow evening. >> it's always a joy. >> all right. >>> let's hear from the other side. representative allyson schwartz is a democrat from pennsylvania. michelle, jump in. >> she sits on the ways and means and budget committees. thanks so much for joining us, representative. you just heard that whole discussion. why is it, madam, that the democrats seem so resistant to any kind of reform to entitlements? >> well, actually, that's not true. as you certainly know, the president offered very, very straightforward spending cuts, over a trillion dollars he's already done. another trillion, 1 or 2, that the president put on the table in his last offer. it included $400 billion in savings from medicare and $200 billion from savings in medicaid. those are not easy, but the democrats have actually put
if you don't like the idea, give us another suggestion, but don't do what nancy pelosi has done where saying spending cuts are off the table. in that case we're negotiating with ourselves again. >> i'm sorry, we have to leave it there. congressman, have a pleasant flight back across the country tomorrow evening. >> it's always a joy. >> all right. >>> let's hear from the other side. representative allyson schwartz is a democrat from pennsylvania. michelle, jump in....
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harry reid, nancy pelosi, chuck schumer, they are not going to cut spending. >> sean: how about the republicans? >> i hope the next time the republicans don't get rolled like they will be rolled the next 48 hours. >> sean: in one sense, joe, i got to give your president a lot of credit. he went out there, went out campaigning. he does a really good job blaming the republicans. he was able to frame the debate about taxes against the rich. not on his reckless spending. as a politician, he is pretty -- he is pretty amazing. in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he, joe trippi and you know it. >> 2.5 to one. >> there was a trillion dollars in cuts already that he agr
harry reid, nancy pelosi, chuck schumer, they are not going to cut spending. >> sean: how about the republicans? >> i hope the next time the republicans don't get rolled like they will be rolled the next 48 hours. >> sean: in one sense, joe, i got to give your president a lot of credit. he went out there, went out campaigning. he does a really good job blaming the republicans. he was able to frame the debate about taxes against the rich. not on his reckless spending. as a...
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in fact, when george bush came to harry reid and nancy pelosi in late 2007 and said the economy is slipping, i need a stimulus, they worked with him to do it. it was when barack obama got elected that the republicans followed mitch mcconnell's declaration that defeating the president was his number one agenda item. deadlock came in when the american people decided, as they have obviously every right to do, that they didn't like the people they voted for in 2008, and we're going to vote for diametrically opposed people in 2010. but if you look before that happened, before 2011, you've got a pretty functional system. the problem is not structural. it's who the people are. i do believe that as a result of the 2012 election, some of those who were elected who really don't believe in governance, are losing their ability to screw things up. >> mr. congressman, i know we'll have you back again. but it will be as a participant in the private sector debate. congratulations on everything. happy new year. >> thank you. >> congressman barney frank from washington. >> possibly as an author. his plans ar
in fact, when george bush came to harry reid and nancy pelosi in late 2007 and said the economy is slipping, i need a stimulus, they worked with him to do it. it was when barack obama got elected that the republicans followed mitch mcconnell's declaration that defeating the president was his number one agenda item. deadlock came in when the american people decided, as they have obviously every right to do, that they didn't like the people they voted for in 2008, and we're going to vote for...
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pelosi tells me there are members in her caucus wants taxes to go up and howard dean not shy saying that taxes should go up on everyone for months. there's a major part of the democrats who want the rates to go up and are public about it. the question, does the president have the interest to stand town that part of the party or does he want taxes to go up and blame the republican. >> harris: first time since 1970 congress is working between christmas and new years. how do you negotiate with someone who is determined basically to see is fail and see us go over into extreme high taxes? >> we don't and one of the most insightful things i've read in the the last couple of weeks, the dialog between mr. boehner and the president off the election and mr. boehner put 800 billion of revenues on the table and talking about negotiations and the president says i get that for free, i'm not giving you anything for 800 billion dollars. and washington is a rumor mill, as you can probably mante imagine, and we've heard that the change cpi would be off the table, an indication of a smaller deal, not
pelosi tells me there are members in her caucus wants taxes to go up and howard dean not shy saying that taxes should go up on everyone for months. there's a major part of the democrats who want the rates to go up and are public about it. the question, does the president have the interest to stand town that part of the party or does he want taxes to go up and blame the republican. >> harris: first time since 1970 congress is working between christmas and new years. how do you negotiate...
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nancy pelosi and the democrats signed off on it. there may be more democratic votes that pass this house than republican votes at the end of the day, but it will pass. >> what kind of challenge does it face for the future when you see this kind of contentious situation going on for both sides? >> it means we'll have more of the same in the next, at least, three months. we have this whole setup coming up here in march. the fiscal cliff. we'll not sort of have this march madness of budget fights coming up. it is going to pale -- what happened here over new year's will seem small, petty and acquaint compared to what happens in march. it will be ugly. >> that doesn't sound good. >> happy new year! >> happy new year. chuck todd in washington for us. thanks so much. >>> secretary hillary clinton remains hospitalized for a treatment of a blood clot in her head. nbc's chief science correspondent robert bazell is at columbia university hospital. >> reporter: good morning, andrea. she has a blood clot just below her ear on a blood vessel that
nancy pelosi and the democrats signed off on it. there may be more democratic votes that pass this house than republican votes at the end of the day, but it will pass. >> what kind of challenge does it face for the future when you see this kind of contentious situation going on for both sides? >> it means we'll have more of the same in the next, at least, three months. we have this whole setup coming up here in march. the fiscal cliff. we'll not sort of have this march madness of...